Canary Capital Files for SEI ETF

Cryptowisser · 2025-05-06T10:05:59+00:00

Canary Capital plans to launch a SEI-based ETF, providing direct exposure to staked SEI tokens for investors, generating passive income through staking rewards, bridging onchain and traditional finance. Sei blockchain focuses on NFTs and DeFi, with SEI coin trading at $0.2212.

Cryptowisser

2025-05-06 10:05:59

Abstract generation in progress

On Thursday, the Sei team announced via a blog post that Canary Capital has filed an S-1 with the US Securities and Exchange Commission (SEC) to register the first-ever SEI-based Exchange Traded Fund (ETF) in the US.

The ETF would offer institutional and retail investors direct exposure to staked SEI, the native token of Sei Network, through a regulated, conventional, and accessible investment vehicle

The proposed ETF’s structure will offer passive income via staking rewards. Similar to other crypto filings from Canary Capital, the SEI fund would stake a portion of spot tokens to earn additional yield, bringing key onchain use cases into traditional finance

Sei is a high-speed Layer 1 blockchain tailored for the digital asset boom, from NFTs to DeFi. The blockchain intends to unlock a brand-new design space for consumer-facing applications. Its native coin, SEI is up 2.6% in the last 24 hours and is now trading at $0.2212 per coin.

SEI-0,64%

VIA-8,42%

EVER-12,1%

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